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Cheshire - Created by Alter Imaging
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1 year ago | 127 notes

Do not be deceived when you read in the papers today that ‘UP has P11 billion in income that is not plowed back to the national treasury’. That P11 billion constitute ENDOWMENT FUNDS obtained from PRIVATE DONORS which are for specific purposes such as PROFESSORIAL CHAIRS that administrators CANNOT USE for MOOE, Equipment Outlay or Capital Outlay). U.P. HAS THE RIGHT TO GREATER STATE SUBSIDY!

Dean Mayo, CHE, UPD

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